Rising Euro Brushes Off Rate Fears

Many investors believe the European Central Bank will cut its main policy rate on Thursday, an outlook that would normally lead them to sell euros.

But the euro is on the rise, hitting a nearly two-week high of $1.3187 on Tuesday. It is up 1% since April 17, when Bundesbank President Jens Weidmann told The Wall Street Journal that the ECB could adjust rates if warranted by economic data, igniting speculation that the central bank...